Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (984)	7/15/1999 2:57:00 PM
From: chartseer	Read Replies (1) \| Respond to of 2103

Hi James! Don t know where the top is. But chart of QQQ BP has reversed to a Bull Correction. This does flash a yellow caution. QQQ BP since I have been keeping it has been as high as 76 and as low as 39. Figures them selves are not as relevant as the chart patterns they form at specific levels. The three box reversal from 76 to 70 is more cautionary because it happened above the 70 Level. When BP moves above 70 it is considered in overbought territory, therefore any reversal at these levels should be considered cautionary. I think Eric Stevens has posted several explanations of the different chart patterns in relationship to the QQQ BP on this thread with his charts. Eric are you there? Am I correct with a call of Bull Correction. If we decline another box to 68 does that then become BEAR ALERT? chartseer